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The price of West Texas Intermediate crude oil plunged $1.33, with gains dragging the market.

West Texas crude oil contract Delivered in February. which traded in Nymex, minus $ 1.33, or 1.6 percent, to $ 79.68 / barrel. Brent Crude Oil contracts fell 81 cents, or 0.9%, at $86.66 a barrel.

Oil prices rose yesterday being driven by the expectation that the global demand for oil will see a strong recovery after the opening of China Markets are also responding to the bright economic data of the United States.

Investors are also looking to the meeting of the Joint Ministerial Review Committee (JMMC) of the Petroleum Exporting Countries and Allies (OPECPlus) on February 1, as it is expected that the JMMC will decide that OPEC+ will maintain its current policy of cut production by 2 million barrels per day until the end of 2023.